Key Notes

MegaETH's rapid oversubscription demonstrates strong institutional and retail demand for Ethereum Layer-2 scaling solutions amid growing DeFi adoption.

US token holders face mandatory one-year lockups while international participants can opt for voluntary lockups to enhance allocation eligibility.

The token generation event scheduled for January 2026 enters a market saturated with over $650 million in competing altcoin unlocks.

The Ethereum Layer-2 network MegaETH launched its initial coin offering on October 27, and became oversubscribed within five minutes. The sale has attracted $360.8 million in commitments at the ceiling price of $0.0999 per token, according to the project’s sale platform.

The oversubscription created a hypothetical fully diluted valuation of $7.2 bi

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